Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

choose one pls answer The purpose of making a 1 point provision account in the accounting books for depreciation of fixed asset is: * O

choose one pls answer

image text in transcribed
The purpose of making a 1 point provision account in the accounting books for depreciation of fixed asset is: * O To make cash available to replace fixed assets O To make a provision for repairs O To charge the cost of fixed assets against profits O To show the current market value of fixed asset

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial And Managerial Accounting

Authors: Jerry J Weygandt, Paul D Kimmel, Jill E Mitchell

4th Edition

1119752620, 978-1119752622

More Books

Students also viewed these Accounting questions